An ongoing strike of workers at General Motors could cost the automaker about $1.5 billion, brokerage Credit Suisse stated on Friday, moving the U.S. automaker’s cost reduction plans off the track and forcing key providers to slash their 2019 outlook. The brokerage has assumed the strike by the United Auto Workers (UAW) union, presently in […]
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UAW union pushes GM to increase U.S. auto production
The United Auto Workers (UAW) union’s leading negotiator in discussions with General Motors to resolve a three-week long strike. “We have made it clear that there is no job security for us when GM products are made in other nations for the purpose of selling them here in the U.S.A.,” UAW Vice President Terry Dittes […]
Ex Ford and Tesla officials join German electric van maker
The German electric van maker StreetScooter has recruited executives from Tesla and Ford to assist drive its worldwide expansion. Peter Bardenfleth-Hansen, who worked in Tesla’s first European Tesla team, and Ulrich Stuhec, has joined the Streetscooter, the company stated in a news release. Streetscooter is a subsidiary of the German company Deutsche Post. Bardenfleth-Hansen is going […]
General Motors laying off 415 workers in Mexico as strike continues
General Motors stated Monday it is temporarily laying off another 415 employees in Mexico as a strike by 48,000 U.S. hourly workers enters its fourth week. GM stated it had partially idled its Ramos Arizpe propulsion plant, with the V8 engine line and the CVT transmission line not in operation. The plant keeps building engines […]
FCA to pay $40 million over inflated sales figures
Fiat Chrysler Automobiles NV and its U.S. unit is set to pay $40 million for misleading investors regarding its monthly sales figures and will resolve a lengthy probe by the U.S. Securities and Exchange Commission (SEC). During a five-year period from 2012 through 2016, Fiat Chrysler’s U.S. unit used a series of misleading moves to […]
Ford self-driving cars to be introduced in Austin in 2021
Ford Motor stated on Wednesday it will include Austin, Texas, to the short list of cities where it prepares to start a commercial transportation service utilizing automated vehicles in 2021. The U.S. automaker earlier stated it would start transporting people and goods in automated vehicles in Miami and Washington. Ford’s self-driving system, currently being tested […]
Ford close to joint venture deal with Mahindra in India
Ford Motor and Mahindra & Mahindra are possibly going to sign a deal next week to form a joint venture in India, two sources informed Reuters, in a move that will see the U.S. automaker end most of its independent operations in the nation. The two companies have for months been thinking of a deal […]
Ford recalls 322,000 cars due to battery fire risk
Ford is recalling about 322,000 cars whose batteries could catch fire because of acid leakage, trade publication kfz-betrieb reported on Monday, mentioning Germany’s KBA federal motor authority. According to the report, the recall covers Mondeo, S-MAX and Galaxy vehicles made between Feb. 13, 2014 and Feb. 11, 2019, including about 101,000 cars were affected in […]
Tesla takes on Porsche with battle on toughest circuit of Germany
Tesla TSLA aims to take away Porsche’s bragging rights by testing its Model S on the northern loop of Germany’s Nuerburgring circuit, using a marketing tool that German automakers have long used to tout the superiority of their items. Germany’s Auto Motor und Sport recently published photographs of a Tesla with “100D+” markings on the […]
Questions To Ask A Jeep Dealership NY Before Buying Your Vehicle
You can enjoy a lot of benefits once you buy a Jeep. Unlike other types of vehicles, Jeeps are powerful, making it very easy for you to go through any type of terrain. With a Jeep, you’ll be able to travel in steep and rocky terrains with ease. But with the number of dealerships in […]
Ford warns no-deal Brexit risk has increased
Ford has warned that the chances of a no-deal Brexit has increased in the last few months as new Prime Minister Boris Johnson ramps up his plans for a possible disorderly exit in October. The U.S. automaker operates two engine plants in Britain, among which it is planning to shut down because of falling demand […]
Chevy Blazer to be Unveiled Again in 2019
Workers at GM’s Ramos Arizpe plant in Mexico have been busy on the assembly lines despite the car giant’s decision to stop production of the Chevy Cruz. Why? The factory will take over production of Chevy’s newly released model of the Blazer. Chevy’s recent decision to redesign the 4×4 powerhouse has had some loyal Chevy fans wanting […]
Fiat Chrysler signs EV charge point deals with Enel, Engie
Automaker Fiat Chrysler (FCA) has signed an agreement with European utilities Enel and Engie to assist provide its customers charging points for electric vehicles (EV) it is preparing to roll out. FCA, which is lagging competitors in developing electrified vehicles, stated last June it is going to invest 9 billion euros ($10 billion) during the […]
Ford recalls 1.3 million vehicles for suspension, transmission issues
Ford is recalling more than 1.3 million vehicles mostly in North America to repair rear suspension and transmission control software problems. The largest recall covers more than 1.2 million Explorer SUVs from 2011 through 2017. Ford states a rear suspension toe link can break if the suspension relocates a lot. That can limit steering control. […]
Renault-FCA merger idea remains good opportunity: France
The idea of a merger between Renault SA and Fiat Chrysler (FCA) remains a good opportunity, but nothing has changed in terms of the conditions the French government has set, French Finance Minister Bruno Le Maire stated on Monday. Le Maire made the comment in Tokyo, where he happened to visit after a weekend meeting […]
